Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt. Stockholders' equity Total liabilities and stockholders' equity Beginning Balance Ending Balance $ 139,000 331,000 $ 139,000 480,000 568,000 872,000 400,000 251,000 $ 2,561,000 $ 386,000 950,000 1,225,000 $ 2,561,000 479,000 852,000 426,000 245,000 $ 2,621,000 $ 350,000 950,000 1,321,000 $ 2,621,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 4,632,000 4,076,160 Net operating income 555,840 Interest and taxes: $ 120,000 205,000 325,000 $ 230,840 Interest expense Tax expense Net income The company paid dividends of $134,840 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. Required: < Prev 1 of 6 Next > Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 4,632,000 4,076,160 Net operating income 555,840 Interest and taxes: Interest expense $ 120,000 205,000 325,000 $ 230,840 Net income The company paid dividends of $134,840 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. RO 3. Residual income % %